Tesla sees bitcoin as important financial tool to access cash quickly
Tesla’s relationship with bitcoin is not a dalliance, according to the comments made by the company’s CFO and dubbed “master of coin” Zach Kirkhorn during an earnings call Monday. Instead, the company believes in the longevity of bitcoin, despite its volatility.
Tesla invest
Tesla wants to make every home a distributed power plant
Tesla CEO Elon Musk wants to turn every home into a distributed power plant that would generate, store and even deliver energy back into the electricity grid, all using the company’s products.
While the company has been selling solar and energy storage products for years, a new company policy
Tesla grows 74% in the first quarter, besting expectations as its shares ease after hours
Today after the bell, American electric car company Tesla reported its Q1 2021 financial performance. The company lost modest ground on the stock market after its news broke.
For the broader electric vehicle and battery startup market that has pursued many SPAC-led combinations in recent months, th
Lyft sells self-driving unit to Toyota’s Woven Planet for $550M
Ride-hailing company Lyft has sold off its autonomous vehicle unit to Toyota’s Woven Planet Holdings subsidiary for $550 million, the latest in a string of acquisitions spurred by the cost and lengthy timelines to commercialize autonomous vehicle technology.
Under the acquisition agreement an
Airbus taps Luminar to test how lidar could be used to make flying safer and autonomous
Luminar Technologies is expanding its lidar business beyond automotive and into aviation through a partnership with Airbus. The collaboration with the French aerospace giant, which was announced Monday morning, marks the latest in a string of partnership announcements between Luminar and companies
Honda targets 100% EV sales in North America by 2040
Honda’s new goal is to achieve 100% EV sales in North America by 2040 as part of its broader target of being carbon neutral by 2050. CEO Toshihiro Mibe announced the planned shift away from internal combustion engines at a news conference on Friday, his first since taking over executive leade
Hyundai invests in teleoperations startup Ottopia as part of $9M round
After spending much of his career in mission-critical environments, including the Israeli Air Force, Israeli Intelligence and leading development of a cybersecurity product at Microsoft, Amit Rosenzweig turned his attention to autonomous vehicles.
It was a technology that he soon recognized would n
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Citi Bike rival JOCO brings shared, docked e-bikes to NYC
Move over Citi Bike, there's a new docked, shared bike service in town — only this one is all electric. Next week, JOCO will be the first shared operator in New York City to launch a network of e-bike stations on private property for public use.
The service, powered by shared mobility platfor
Bosch sees a place for renewable fuels, challenging proposed European Union engine ban
Bosch executives on Thursday criticized proposed EU regulations that would ban the internal combustion engine by 2025, saying that lawmakers “shy away” from discussing the consequences of such a ban on employment.
Although the company reported it is creating jobs through its new businesses, par
Dutch startup GO Sharing raises $60M to expand beyond e-mopeds and into new markets
On-demand access to electric mopeds — the small, motorised scooters that you sit on, not kick — has been a small but persistent part of the multi-modal transportation mix on offer to people in cities these days. Today, a startup out of The Netherlands is announcing some funding with amb
Ornikar raises $120M as its driving school marketplace goes up a gear with car insurance
A French startup that set out to bring a new approach to driver education and road safety, and then used that foothold to expand into the related area of car insurance, is today announcing a big round of funding to continue building its service across Europe.
Ornikar, which prepares people for driv
Micromobility’s next big business is software, not vehicles
The days of the shared, dockless micromobility model are numbered. That’s essentially the conclusion reached by Puneeth Meruva, an associate at Trucks Venture Capital who recently authored a detailed research brief on micromobility. Meruva is of the opinion that the standard for permit-capped
Cadillac’s all-electric Lyriq flagship to start just below $60,000
The Cadillac Lyriq, the all-electric crossover and flagship of GM’s luxury brand, will start at a skosh under $60,000 when it comes to the U.S. market in early 2022.
The price, which doesn’t include destination charges, is one of the last remaining details to be shared about the product